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Portsmouth EDA reports $20 million net position at fiscal-year end; staff cites $940,000 year-over-year decrease
Summary
The EDA’s quarterly financial report for the period ending June 30, 2025, shows about $47.4 million in cash, $12.6 million in property held for sale, $9.97 million in liabilities and a net position of roughly $20 million, a decrease of about $940,000 from the prior year; staff noted operating revenue shortfalls and property sale gains/losses.
The Portsmouth Economic Development Authority’s financial presenter reviewed the EDA’s quarterly statements for the period ending June 30, 2025, at the Aug. 18 meeting.
Key figures presented - Cash and cash equivalents: about $47.4 million across bank accounts. - Accounts receivable: approximately $1.9…
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